Louis Chenevert has an indelible legacy in United Technologies Corporation, where he used to serve as the CEO. His work in the company and vigor for success led to the company making major accomplishments which are still very impactful even after his term of service was over. He strongly believed that a company is always on the stewardship of the CEO, and this made him fix his focus on innovative investments, employees, and both long-term and short-term goals.
Chenevert knew that every decision made today will directly influence the future success
of the company. This is very evident when traced back to the time Chenevert was the president of Pratt & Whitney, which had the geared turbofan engine, GTF. Being a visionary leader
, he realized the potential of GTF engine in the future and on joining UTC, he merged the two companies together, which led to an investment on the designing of the distinguished jet engine. This particular GTF, the great fuel saver, is now employed by over 70 crafts and over 14 airlines. This has contributed greatly to the growth of UTC and Pratt & Whitney as well as the growth of the manufacturing industry in the United States.
While company gain in the investment
was key, Chenevert was also eyeing the future employment of the next generation talents, and no wonder the company is expected to hire 25,000 new employees plus 5,000 new posts, in three years time, which will boost innovative platforms in the future. Chenevert laid a strong foundation for UTC which has enabled the company rise to the global level, through its various investments in different parts of the world.
More about Chenevert
was born in 1958 in Montreal, Quebec. He attended University of Montreal School of Business, HEC Montreal, from where he graduated in 1979. He also possesses a doctorate honoris from the same university and another from Concordia University acquired in 2011 and 2014 respectively. In 2009, National Building Museum awarded Chevenert an Honor Award, while U.S aviation trade magazine titled him the 2011’s Person of the Year.
Chenevert used to work with General Motors prior joining Pratt & Whitney in 1993. He worked there for 14 years. He holds various positions in the Different organization.